NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - NYSE:NGG - US6362744095 - ADR
72.86 USD
+0.19 (+0.26%)
72.86 USD
0 (0%)
We assign a technical rating of 6 out of 10 to NGG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NGG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
NGG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NGG has a been trading in the 68.59 - 73.62 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, NGG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
NGG is part of the Multi-Utilities industry. There are 25 other stocks in this industry, NGG did better than 62% of them.
NGG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.44
75.54
4 important support areas can be observed.
- A support zone ranging from 72.82 to 72.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.54 to 71.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.43 to 67.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 74.35 to 74.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 56.79 | NEUTRAL | NGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NGG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.59 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests NGG has a positive trend. |
| Stochastics (14,3) | 90.46 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 9.07 | NEGATIVE | The low ADX value for NGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
72.86
+0.19 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.26%
1 Week2.4%
2 Weeks2.4%
1 Month6.26%
3 Month1.63%
6 Month10.51%
12 Month9.56%
2 Year21.13%
3 Year33.39%
5 Year22.56%
10 Year-6.72%
15 Year40.67%
Volatility
ATR(14)0.81
ATR(20)%1.14%
ATR Inc27.11%
Range Today0.83
ADR(20)0.69
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.79
Mansfield-0.25
10 Day High73.62
10 Day Low69.99
20 Day High73.62
20 Day Low68.59
52 Week High74.82
52 Week Low55.82
CS1 End72.83
CR1 Start74.35
Volume & EV
DER(3)2.11%
DER(5)1.39%
Volume906.92K
Volume Incr25.79%
Vol(5)691.60K
Vol(50)633.05K